E Fund Management Co. Ltd. Has $11.28 Million Position in Sea Limited (NYSE:SE)

E Fund Management Co. Ltd. lowered its position in Sea Limited (NYSE:SE) by 24.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 158,000 shares of the Internet company based in Singapore’s stock after selling 50,000 shares during the quarter. SEA makes up about 0.6% of E Fund Management Co. Ltd.’s investment portfolio, making the stock its 23rd largest holding. E Fund Management Co. Ltd.’s holdings in SEA were worth $11,284,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Canton Hathaway LLC lifted its stake in shares of SEA by 20.0% during the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock worth $86,000 after buying an additional 200 shares during the last quarter. Gulf International Bank UK Ltd lifted its stake in shares of SEA by 0.7% during the 2nd quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore’s stock worth $2,068,000 after buying an additional 213 shares during the last quarter. Parallel Advisors LLC raised its stake in SEA by 5.2% in the 2nd quarter. Parallel Advisors LLC now owns 5,063 shares of the Internet company based in Singapore’s stock worth $362,000 after purchasing an additional 250 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in SEA by 63.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after purchasing an additional 253 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in SEA by 121.3% in the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock worth $33,000 after purchasing an additional 336 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Trading Up 0.6 %

Shares of SEA stock opened at $80.32 on Wednesday. The firm has a market capitalization of $45.97 billion, a PE ratio of 1,606.40 and a beta of 1.51. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The firm’s 50 day moving average is $73.15 and its 200 day moving average is $67.46. Sea Limited has a 1 year low of $34.35 and a 1 year high of $83.69.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.45). The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. Equities research analysts forecast that Sea Limited will post 0.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SE. Barclays lifted their price objective on shares of SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Bank of America raised their target price on shares of SEA from $77.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Loop Capital raised their target price on shares of SEA from $92.00 to $94.00 and gave the company a “buy” rating in a report on Monday, June 10th. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and raised their target price for the company from $66.00 to $90.00 in a report on Wednesday, August 14th. Finally, Wedbush reissued an “outperform” rating and issued a $84.00 target price (up from $76.00) on shares of SEA in a report on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and a consensus price target of $80.00.

SEA Profile

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.